0300 GMT - Kelsian's plan to consider divesting its Australian tourism assets indicates that they are not delivering returns in line with the transport operator's new targets, RBC Capital analyst Owen Birrell says. It seems clear that the businesses are not achieving the ASX-listed company's recently announced ambition for a return on invested capital of 200 bps above the pre-tax weighted average cost of capital. Offloading these assets should accelerate these targeted returns, with any cash sale allowing Kelsian to reduce its debt ratio closer to the target. RBC has a last-published sector perform rating and a A$3.50 target price on the stock, which is up 6.4% at A$2.735. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 01, 2025 23:00 ET (03:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。